As posted by Steve Layman:
It is a spending problem..........
I have seen this handy explanation several places around the
Intertunnel, just can't remember where. My apologies for not
being able to credit the proper source. Anyway, to make our
Federal budget issue easier to understand, remove the extra
eight zeroes and pretend it is a household budget. Enjoy.
U.S. income: $2,170,000,000,000
Federal budget: $3,820,000,000,000
New debt: $1,650,000,000,000
National debt: $14,271,000,000,000
Recent budget cut: $38,500,000,000
-------------------------------------------------------------
After subtracting the eight zeroes it looks like this:
Total annual income for the Jones family: $21,700
Amount of money the Jones family spent: $38,200
Amount of new debt added to the credit card: $16,500
Outstanding balance on the credit card: $142,710
Amount of spending cut: $385
Ouch. The first step to recovery from any problem is to
acknowledge we have one. Can we all agree we have a
spending problem? Please?
1 comment:
Blowing that picture up reminds me that it was taken back when hair was more prevalent. Thanks. S
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